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Testing support on the cash open

BUNDS

Bund test small initial support at 170.52 on the cash open.

  • German 5/30s is just off its intraday steepest level, but again well within the 86.13-92.955 range, not broken since 17/03.
  • Focus today on German IFO. and Spanish PPI.
  • Out of the US sees Durable goods.
  • Speakers include ECB Panetta and Lane.
  • Most of the focus this week will be on the FOMC, BUT worth also noting that we get US tech earning this week.
  • This will be closely watched.
  • Tesla is due today, after market.

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